Department store operator Belk has announced that it completed a deleveraging transaction with its first- and second-lien lenders and equity sponsor Sycamore Partners. This move has reduced the company’s outstanding debt by more than $950 million, amended its existing...
The Federal Reserve Bank of New York just released new data on household debt, and WalletHub’s inflation-adjusted analysis revealed that while U.S. households owe a record amount, $17.7 trillion, in absolute terms as of the first quarter of 2024, total debt actually...
CBRE Group, a commercial real estate services and investment firm, forecasts fourth-quarter holiday sales will increase by 3% this year, noting retailers generally have positioned themselves well for challenging marketplace conditions by improving operational...
Bed Bath & Beyond announced in a financial update that it might not be able to proceed as a “going concern” after recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity...
Bed Bath & Beyond has once again announced that it has extended its previous offers to exchange any and all of its outstanding senior notes after limited success in getting holders to make the trade-ins. The extension includes offers to convert 3.749% senior notes...
